Peter Schiff is a well-known critic of cryptocurrencies, particularly of bitcoin. Earlier last week, he tweeted that he lost access to bitcoins that were gifted to him by someone after his wallet stopped recognizing his password. He took the opportunity to thrash bitcoin once again.
“We need more of these types of negative voices.”
The CEO of Binance, Changpeng Zhao, tweeted, “I think Peter is doing great to promote bitcoin. He probably does not realize that given his illogical reasoning, most people will do exactly opposite of what he says.” He added that we need more of these typed of “negative” voices. Gold advocate Peter Schiff had twitted criticizing bitcoiners saying, “Bitcoin bugs still don’t know the difference between Bitcoin and gold.”
I think Peter is doing great to promote bitcoin. He probably does not realize that given his illogical reasoning, most people will do exactly opposite of what he says.
We need more of these types of “negative” voices. https://t.co/86GWOjOPS3
— CZ Binance (@cz_binance) January 25, 2020
“Maybe he is Satoshi.”
Binance CEO Changpeng Zhao jokingly replied to one of the comments on tweets saying, “maybe he is Satoshi.” Peter Schiff has been able to get attention from the crypto community with his negative remarks about the crypto community. Earlier, Ethereum founder Vitalik Buterin tweeted in support of Peter saying that we can and should create better wallet tech to make security better.
Disappointed at people replying to this with "crypto is what it is, it's your job to be super-careful and write down backup seeds in three places". We can and should create better wallet tech to make security easier.
Eg. here's a social recovery ERC WIP: https://t.co/tuSbHhXKgd https://t.co/hCBAJKbK41
— vitalik.eth (@VitalikButerin) January 20, 2020
